Bengal finance minister Swapan Dasgupta
“Bengal was at the forefront of economic development till the early ’70s and then had a fall… incentives were given and then subsequently taken away with retrospective effect,” Dasgupta said at the event organised by Chintan Research Foundation. Obstacles are there… but that does not mean that these can’t be overcome,” the minister said. The minister expressed hope about the revival of industry in the state while addressing a session – ‘Trade, investment and enterprise – A new West Bengal growth path’ at the Bengal Chamber of Commerce and Industry. “The retrospective effect has been as damaging to Bengal’s image as Singur was. We have to address this problem.
Kolkata: Retrospective revocation of incentives and an aversion to risk have damaged Bengal’s reputation and the state has to rebuild its image and regain credibility to welcome new businesses, state finance minister Swapan Dasgupta said on Thursday. Today, as we appeal to industrialists to come and set up units in Bengal, they point out the lack of credibility.